credits decrease what?\nassets and expenses\naccounts payable and retained earnings\nliabilities…

credits decrease what?\nassets and expenses\naccounts payable and retained earnings\nliabilities, shareholders equity, and revenue

credits decrease what?\nassets and expenses\naccounts payable and retained earnings\nliabilities, shareholders equity, and revenue

Answer

Answer:

C. liabilities, shareholder's equity, and revenue

Brief Explanation:

In accounting, credits increase liabilities, equity, and revenue, so they decrease when debited. Assets and expenses are increased by debits and decreased by credits. Accounts payable (a liability) and retained earnings (equity - related) are increased by credits. So the items decreased by credits are liabilities, shareholder's equity, and revenue.